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The richest people on the planet got richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals.
The aggregate net worth of the world's top moguls stood at $1.9 trillion at the market close on Dec. 31, according to the index. Retail and telecommunications fortunes surged about 20 percent on average during the year. Of the 100 people who appeared on the final ranking of 2012, only 16 registered a net loss for the 12-month period.
"Last year was a great one for the world's billionaires," said John Catsimatidis, the billionaire owner of Red Apple Group, in an e-mail written poolside on his BlackBerry in the Bahamas. "In -- that will give them an advantage."
Amancio Ortega, the Spaniard who founded retailer Inditex SA, was the year's biggest gainer. The 76-year-old tycoon's fortune increased $22.2 billion to $57.5 billion, according to the index, as shares of Inditex, operator of the Zara clothing chain, rose 66.7 percent.
Originally posted by shivaX
reply to post by jhn7537
We must thank Barack 'Hussein' Obama.
Originally posted by dc4lifeskater
more importantly the poor got poorer...
Originally posted by shivaX
reply to post by jhn7537
We must thank Barack 'Hussein' Obama.
Originally posted by michael1983l
Originally posted by shivaX
reply to post by jhn7537
We must thank Barack 'Hussein' Obama.
You can thank Obama for a lot of things but I am not sure thanking him for the worlds rich list is a step too far. I am not sure what effect the Obama administrations policies have had on some of the people on the list, most importantly those not affiliated with the USA in any way. Again no suprise to me to see people think that America is the centre of everything.
Originally posted by michael1983l
Again no suprise to me to see people think that America is the centre of everything.
Originally posted by ANOK
Originally posted by michael1983l
Again no suprise to me to see people think that America is the centre of everything.
Or think the President, or government, are in control of the economy.
It's more like the economy is in control of the government.